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Best Performing Debt Mutual Funds to Invest in India for 2016

 

Best Debt Mutual Funds - Invest Online

 

Debt based mutual funds provide stable but comparatively lower returns with respect to equity instruments. The funds listed below are across categories such as ultra short term, Gilt, short term etc. within the debt class of mutual funds:

Name

NAV* (Rs.)

AUM

(Rs. Cr)

Expense Ratio (%)

Average Returns (3 years) (% p.a.)

SBI Magnum Gilt Fund Long Term

19.72

1676.61

0.92

12.02

ICICI Prudential Long Term Fund

16.88

699.89

0.94

11.93

Birla Sun Life Medium Term Plan

17.15

4315.32

1.56

10.33

Franklin India Ultra Short Bond Fund

19.25

9337.77

0.30

9.92

*NAV rates as on 26th August 2015.

SBI Magnum Gilt Fund Long Term: This is an open-ended Gilt medium and long term debt fund. This fund invests predominantly in government securities with average maturities exceeding 3 years. The fund has given returns at 12.02% p.a. over the past 3 years, easily one of the best performing mutual funds in the debt class.

ICICI Prudential Long Term Fund: An open-ended income-based debt fund, this fund offers stable returns through investments in money market and debt instruments, with the aim to provide balance of liquidity, yield and safety. The fund has given returns averaging 11.93% p.a. over the past 3 years.

Birla Sun Life Medium Term Plan: This is an open-ended short term debt fund aimed at generating steady income from investments in money market and debt instruments. The maturity rates are affected by the interest rate prevailing in the country and the portfolio is kept between 1 to 5 years maturity to optimize returns. Returns have averaged 10.33% p.a. over the past 3 years.

Franklin India Ultra Short Bond Fund: This is a debt class ultra short term and open-ended mutual fund. The fund is aimed at providing consistent returns and easy liquidity. It has averaged returns of 9.92% p.a. over the past 3 years, making it one of the best performer in its category.

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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